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NYMEX Monday Wrap: Crude, nat gas, gasoline open week with deep losses
HOUSTON, January 9, 2017 (PCW) — February NYMEX crude futures settled down $2.03/bbl to $51.96/bbl. March Brent at the close of the NYMEX decreased $2.11/bbl to $54.98/bbl.
The March Brent/WTI spread narrowed to $2.11/bbl favoring Brent. Prompt natural gas futures were down 18.2 cents at $3.103/mmBtu. February NYMEX RBOB futures closed at $1.5707/gal, down 6.33 cpg.
January gasoline differentials were mostly stronger versus Friday’s levels.
A4 CBOB 87 regular was up at 1.75 cpg under the screen.
CBOB 87 stronger higher at 1.00 cpg under the screen.
D4 CBOB 93 premium was steady at 13.75 cpg over the screen.
CBOB 93 rose to 14.50 cpg over the screen.
RBOB was higher at 0.0 cpg to the screen.
The 3-2-1 crack in the Gulf Coast was $12.80/bbl, $2.15/bbl under the screen. – John Troland